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Campbell’s Company CEO to retire from company, join NFL team’s front office

Campbell's Company CEO Mark Close is leaving the packaged food company to join the front office of the NFL's Washington Commanders early next year.

Coaches announced Tuesday that Close will become president and head of team operations in late January.

Campbell's said his six-year term as CEO will end on January 31st.

“Although I am retiring a little earlier than expected, I feel like I have one more activity in my career,” Close said. “The position with the Washington Commanders is a once-in-a-lifetime position that combines my passion for business and my love for sports. A leadership role in professional sports was the only thing that separated me from the Campbell job. .”

Campbell Soup changes historic name

He began serving as Campbell's CEO in 2019, replacing Keith McLoughlin, chairman of the company's board of directors. Mr. Close “led a transformation that repositioned the company's portfolio towards category-leading brands and made soups a key element of the company's growth strategy,” Campbell's said.

Mark Close began his tenure as Campbell's chief executive officer in 2019. (Justin Sullivan/Getty Images/Getty Images)

Campbell's, Goldfish, Pepperidge Farm, Hanover's Snyder's, Prego, V8, and Rao's are some of the well-known brands owned by the company, which announced earlier this fall that it was rebranding from Campbell Soup Company to its current name as part of the company. A portfolio that has evolved and transformed. ”

The company reiterated Tuesday that it expects fiscal 2025 net sales to increase between 9% and 11%. Meanwhile, adjusted earnings per share are expected to be between $3.12 and $3.22, representing a range of 1% to 4%. increase.

Campbell Soup acquires Lore sauce maker for $2.7 billion

Mr Close said Campbell's would “always have a special place in my heart” and that it was “in excellent hands” by Mick Beekhuizen, who will take up the company's top job on February 1. Ta.

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Mr. Beekhuizen previously served as Campbell's CFO and most recently as President of Food and Beverage.

In a separate statement, Kraus said he was looking forward to working with his manager to build a “championship-worthy organization.”

LANDOVER, MD - DEC 01: Jayden Daniels #5 of the Washington Commanders during the first game of the game against the Tennessee Titans at Northwest Stadium on December 1, 2024 in Landover, Maryland. Trying to throw a pass in the third quarter. (Photo by Scott Taetsch/Getty Images)

Washington Commanders quarterback Jaden Daniels tries to throw a pass during a game against the Tennessee Titans on Sunday at Northwest Stadium in Landover, Maryland. (Scott Tetch/Getty Images/Getty Images)

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The Commanders currently sit in second place in the NFC East with 8 wins and 5 losses.

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